News Centre

Lollygag Partners LTD/Online Trading Platform finocapital.io: BaFin Prohibits Unauthorised Portfolio Management And Unauthorised Proprietary Trading

Date 22/04/2021

In a notice dated 25 March 2021, BaFin ordered Lollygag Partners LTD, Dominica, to immediately cease its unauthorised portfolio management activities and unauthorised proprietary trading.

BISON Exceeds Trading Volume Of EUR 2 Billion In The Year 2021, Number Of Active Users Grows To 400,000, Active Market Entry Planned In Austria

Date 22/04/2021

Uncomplicated and secure trading in cryptocurrencies on the smartphone: this is possible with BISON, Boerse Stuttgart Group’s crypto app. Since the beginning of 2021, BISON has now already exceeded a trading volume of EUR 2 billion. In the same period, the number of active users has grown by 83 percent to around 400,000. “The strong user growth and high trading volume on BISON in 2021 far exceed our expectations. They also reflect the current high momentum in the crypto market and the increasingly broad interest in cryptocurrencies. With the simple and reliable trading at BISON, we make the right offer at the right time,” said Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the BISON app. On several days in January 2021, BISON set new records for trading volumes exceeding EUR 70 million.

TheCityUK Supports Bank Of England’s Greater Regional Presence

Date 22/04/2021

The Bank of England has announced plans to create a new northern hub in Leeds as part of an ambitious plan to significantly increase its staff presence across the United Kingdom.

Hong Kong Securities And Futures Commission And Police Joint Operation Against Listed Company And Senior Executives

Date 22/04/2021

The Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a syndicate suspected of market misconduct and fraud.

Japan Financial Services Agency: Tax Treatment Of Carried Interest

Date 22/04/2021

The Financial Services Agency has summarized the tax treatment in this Notice［PDF（465KB）］,where so called Carried Interest partnership profit distributions received by individual fund managers in relation to a partnership agreement that stipulates the distribution of partnership profits in excess of their interest holding ratio from the partnership business managed by the fund managers as its partners, will be taxed on a pass-through basis and treated as the income of the fund managers in accordance with the distribution ratio as stated in the partnership agreement (Pass-through treatment).

The Future Of The Bank Of England’s Cash Distribution Centre In Leeds

Date 22/04/2021

The Bank of England confirms that it has entered into discussion with Unite the Union, representing affected Bank staff, about a proposal to close its cash distribution centre in Leeds in February 2023.

Options And Murex Celebrate Long-Term Partnership In Delivering MX.3 As A SaaS Solution

Date 22/04/2021

Options Technology, the leading provider of cloud-enabled managed services to the global capital markets and a long-term Murex partner, empowers MX.3 through its highly secure, enterprise-grade SaaS-enabled Managed Apps platform. Murex, the global leader in trading, risk management and processing solutions for capital markets, is continuing to meet the changing and growing needs of clients harnessing its powerful MX.3 platform through a best-in-class SaaS solution.

Bank Of England Announces Plans For A New Northern Hub As Part Of A Review Of Its Presence Across The UK

Date 22/04/2021

The Bank of England intends to create a new northern hub as part of an ambitious plan to significantly increase its staff presence across the United Kingdom.

Hong Kong Securities And Futures Commission Revokes IDS Forex HK Limited’s Licence And Bans Its Former Co-CEOs For Life

Date 22/04/2021

The Securities and Futures Commission (SFC) has revoked the licence of IDS Forex HK Limited (IDS Forex) and banned its former co-chief executive officers, Mr Chung Wooman and Mr Ki Bonggan, from re-entering the industry for life.

Britannia Expands Energy Offering With New Hires And Approval Of ICE Futures Europe Membership

Date 22/04/2021

Britannia Global Markets, (“Britannia”) a complete multi-asset brokerage offering execution and cleared brokerage services, is pleased to announce the expansion of its energy offering, with the approval of its membership of ICE Futures Europe (“ICE”), the leading energy trading platform, and two new hires, Marc Rowell and Marc Corban.